December 14, 2007
Northern Illinois University (NIU) Adds Actuarial Science Degree
Students with math aptitude who'd like to start their careers at $55,000 should explore NIU's new bachelor's degree program in actuarial science.
Professor Rama Lingham, director of the math department's Statistics Division, says job prospects are excellent, especially in this area.
“Chicago is home to numerous actuarial companies and financial institutions and actuaries are needed,” Lingham said.
Actuarial science, which requires passing a long series of increasingly difficult exams, relates to risk management and positions are most common in the insurance industry.
In addition to a good starting salary, “Employers provide generous incentives and support for people to complete each test, with a bonus system or paid study leaves,” Lingham said. “At the end of the day, the company is better off with well qualified people.”
Posted by Tom Troceen